Representments

Representations are statements or assertions made by one party to another in legal or contractual contexts, asserting that certain facts are true. They serve as assurances or guarantees about specific conditions or circumstances, which can influence decision-making or obligations. If a representation turns out to be false, it can lead to legal remedies or penalties. Essentially, they function as a truthful disclosure or promise that helps parties understand the risks and facts involved in an agreement.